Faced with the high volatility of the Crypto market, stable currencies have been created in order to maintain stability in finance. Every investor wants to win in this way is always attentive to the data forecasts and statistics if you know that a currency will rise in price only need to change their assets to that currency that will move if it is the opposite and has a negative forecast will seek to protect their assets in stable currencies we will talk about one of them well known and used around the world below.

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Tether stable currency

This currency as its name indicates is a currency that is abbreviated (usdT) each Usdt coin has a value to 1usd US Dollar (fiat currency) its creation was to protect both the investor and the trader from the great volatility of digital currencies such as the btc that its value can rise or fall dramatically.

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The most important features of Tether are:

✔The currency is stable and remains at a value very close to $1 which keeps the currency stable.

✔The coin is very reliable and uses omni layer technology. This protocol uses blockchain to store data in the bitcoin network.

✔How to buy Tether (usdT)

✔ Tether can be traded with various exchanges such as: Poloniex, binanse, bittrex, Huobi, etc. These exchanges do not accept fiat currencies, however they accept this stable USDT currency as a stable medium of exchange.

✘The only negative problem I see is that I feel a stable and very popular currency cannot be mined as it is fully pegged to the US fiat dollar.

✘If you want to exchange usdT to fiat currency you need to perform a KYC verification which must be approved.

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Uses of Tether

✔Is mostly used for trading so the exchange speed is very fast.

✔It can be exchanged with a variety of digital currencies, thus reducing trading costs.

✔It has wide exchange in different wallets making its operation fluid, which allows us to keep the value of money stable.

Conclusion

Originally this currency was born in July 2014 with the name stanly hainsworth, who was the vice president of starbucks, its first exchange was in Bitfinex which was not very successful so in November 2014 the organization decided to call it Theter creating this 360 degree change raised its popularity in people, it is backed by fiat currency, this means 1Usdt = 1 "fiat" currency which is backed with cash reserves of the Tether platform.

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Thank you

CC:
@yohan2on
@steemcurator01
@steemcurator02
@steemitblog

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